DUBAI, United Arab Emirates (AP) — A pair of Emirati energy companies producing natural gas in Iraq's northern Kurdish region said Tuesday they expect to boost the output capacity there by 50 percent within two years.
In an update marking two years of production in the self-rule Kurdish region, Dana Gas and Crescent Petroleum said they are currently able to pump 200 million cubic feet of gas per day. They expect that level to rise to 300 million cubic feet daily by 2012.
Existing production of between 160 million to 180 million cubic feet daily is used to power two regional electricity plants, in Irbil and Chemchemal, according to the firms.
They say they have invested …
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